Temasek Holdings (Temasek)

MAS, JP Morgan, Temasek jointly develop prototype for multi-currency payments

SINGAPORE (Nov 11): The Monetary Authority of Singapore (MAS), global investment bank JP Morgan and local sovereign fund Temasek have jointly developed a blockchain-based prototype that enables payments to be carried out in multiple currencies on the same network.

MAS says that the payments network has the potential to improve cost efficiencies for businesses, and is currently undergoing industry testing to determine its ability to integrate with commercial blockchain applications.

Temasek-Khazanah JV to sell Andaz Singapore for $475 mil

KUALA LUMPUR (Oct 9): M+S, a 60:40 joint venture between Khazanah Nasional and Temasek Holdings, is selling its wholly-owned subsidiary, Ophir-Rochor Hotel (ORH), to property developer Hoi Hup Realty for $475 million (RM1.44 billion) or $1.39 million per key.

The proposed transaction marks the highest price ever achieved for a stand-alone hotel transaction in Singapore, and the third highest price achieved this year in Asia.

Trendlines receives conditional commitments of up to $30.3 mil to drive expansion strategy

SINGAPORE (Sept 24): Trendlines Group is set to receive conditional commitments of up to US$22 million ($30.3 million) for its new Singapore-based venture fund, Trendlines Agrifood.

In a filing on Tuesday evening, Trendlines reported the investments were made by parties including Temasek Holdings and Librae Holdings, which is an entity related to property tycoon cum entrepreneur Vincent Tchenguiz and another Southeast Asian investor. The conditional commitment amount includes the investment of $10.9 million from Librae back in July.

Temasek's Vertex closes record US$305 million Southeast Asian fund

SINGAPORE (Sept 19): Vertex Venture Holdings Ltd., a unit of Singapore’s Temasek Holdings Pte, has closed its fourth Southeast Asia and India fund at a record US$305 million ($420.4 million)

The amount raised was a record for an early-stage investment vehicle in the region, underscoring growing interest in its startup scene. The new fund of Vertex Ventures Southeast Asia and India -- the first institution to back ride-hailing giant Grab -- far exceeded its original target of US$230 million.

Palantir said to seek funding on private market, delay IPO

(Sept 6): Palantir Technologies Inc is in talks to raise significant funding from private investors, a move that could indefinitely delay one of Silicon Valley’s most hotly anticipated initial public offerings, according to people familiar with the company.

The secretive data mining company approached Singapore’s Temasek Holdings, SoftBank Group Corp. and other investors outside the US according to people with knowledge of the situation, all of whom asked not to be identified discussing private information. Talks are ongoing and no deal has been reached.

Temasek sells stakes in Thai telco Intouch for $701 mil

(Aug 15): Units of Singapore's sovereign fund Temasek -- Aspen Holdings and Anderton Investments -- launched an overnight block trade on Wednesday for 15.6 billion baht ($701 million) or 8.02% of its stakes in Thai telco company Intouch Holdings, according to a term sheet.

Intouch owns stakes in Thailand's largest mobile phone network Advanced Info Service (AIS) and satellite operator Thaicom.

China's Centurium Capital raises over $2.7 bil from GIC, Temasek, others

HONG KONG (July 3): China's Centurium Capital, a big backer of domestic startup Luckin Coffee, said it has raised more than US$2 billion ($2.7 billion) in its debut fund, giving the private equity firm more firepower to cut deals involving the world's second-largest economy.

The firm, co-founded by the former head of Warburg Pincus Asia Pacific, David Li, said in a statement on Wednesday that Centurium Capital Partners 2018 LP raised the sum in US dollars.

Goldman ex-chief China economist Tang is poised to join Temasek

SINGAPORE (June 17): Goldman Sachs Group Inc’s former chief China economist MK Tang will join Temasek Holdings after almost seven years at the US bank, according to people familiar with the matter.

Tang will be part of the portfolio strategy and risk group co-headed by Michael Buchanan, said the people, who asked not to be identified as the appointment is not public. Representatives for Temasek and Goldman Sachs declined to comment.

Mapletree eyes $10 bil of deals a year as more funds planned

SINGAPORE (June 17): Mapletree Investments may strike up to $10 billion of deals annually buying and selling properties as it seeks to set up more private funds over the next five years.

Temasek-linked Astrea V private equity bond to satisfy investors' yearning for yield

SINGAPORE (June 17): With a subscription rate of 7.4 times, the private-equity bond fund issued by Temasek Holdings’ PE vehicle Astrea IV last year was popular with yield-seeking investors in Singapore.

Almost exactly a year later, a new offering of US$600 million ($818.7 million), the Astrea V, follows.

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